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  1. M

    How much do you need to realistically make it?

    Most ET'rs are where you are at. Wanting to make money, but not doing so. Trading is a tough business, it doesn't suffer fools! And at the same time, it is also very easy. You have spent 350 k in four years...and you are not profitable yet? That is insane, it's not the correct way to...
  2. M

    How much do you need to realistically make it?

    STOP THE PRESSES.......STOP THE PRESSES.....BREAKING NEWS........BREAKING NEWS! GROB has made a post that everyone can read AND understand. ET History has been made today. It now begs the question....is grob turning over a new leaf? Is this a new pardigm in teaching...one where grob...
  3. M

    How much do you need to realistically make it?

    That's a loser's mentality. Realistic goal? Why even trade? Take the 5 mil and put it in bonds and take your 250k year and live a good life. Trading is a very powerfult business in that it is very easy to expand once you have an edge. The amount of capital you need depends a little on your...
  4. M

    NYSE Specialists in electronic world???

    Do you enjoy a good fisting, lad?
  5. M

    NYSE Specialists in electronic world???

    I didn't have to adjust to penny increments, it's all I ever knew. I came in just after they implemented penny's. So I just observed, learned, and created a plan/strategy for execution. How will I adapt to the new market structure. I will observe how the market trades, and then I will...
  6. M

    Trader P/L 2006

    Well just went through my numbers for August and thought I'd post the results. While they are not anywhere near the numbers posted by lescor, for August they are great numbers. Congrats to Lescor....awesome trading. August numbers: $55 223 I primarily trade equities. Let's hope...
  7. M

    McMillan On Options - Second Edition

    That was a serious offer...and of course you've sold one already for $40...I would bet you have 5 more copies available. No bidders yet...let's see if there are any takers. If not, you will have to find another buyer as I'm retracting my bid. Seriously...the value of an item is what someone...
  8. M

    Vtrader

    What kind of numbers was he throwing up?
  9. M

    McMillan On Options - Second Edition

    you're asking too much...when it doens't sell, get in touch I'll give you $10 for it.
  10. M

    Why Do People Trade when the Failure Rate is So High?

    In terms of absolute dollars yes...but not in terms of % what they make not even close. That Heinz woman made 10 million and paid 1 million in taxes. That's just BULLSHIT! Mean while, hard working middle class families pay in 25 to 50% of what they earn, struggle to make ends meet, and at...
  11. M

    which prop firm wants a Nas fut trader

    If you were really that good, you'd have enough of your own money to fund your own trading. Intraday margins on the mini are $500, bonds, $500, and you're telling me that you are good (which should mean make money)but don't have enough money to make money with those margins...perhaps you...
  12. M

    How-To: Increase My Portfolio

    Here's what you need to do. First, you need to earn a good living. Maximize your earnings from your job/business. Then you need to spend less then you earn and invest the difference. If you really want to grow your portfolio, you need to save 30% or more to invest. Invest that 30%...
  13. M

    Reality check please...JWH, hedge funds and mutual funds

    The goal of money managment is to maximize the growth of the account given the amount of risk you are willing to accept. I'm telling the guy to find a strategy that does work...and then focus on using money managment to maximize the growth in his account. And that one can do very well with...
  14. M

    Reality check please...JWH, hedge funds and mutual funds

    JWH has just gone through a very large drawdown...trendfollowers have had a tough go of it lately. Every strategy has good times and bad....you should focus more on money management. Good money management can make an average strategy provide fantastic results.
  15. M

    McMillan On Options - Second Edition

    I bid $10 for it.
  16. M

    Percentage of liquid assets traded

    Well....run the numbers.....a great return is 20%....exceptional is 30%...more than likely you'll make 10%. Assuming these numbers are correct, you'll make somewhere betwen 20k and 120k, using MAX leverage. There are systems or strategies that can do better, but it's unlikely you'll figure...
  17. M

    NYSE Specialists in electronic world???

    Someone else always knows something before you....and the specialist is the least of your worries.
  18. M

    NYSE Specialists in electronic world???

    The purpose of the specialist is to take the orderflow....look where your orders are at, and print 5k shars .01 in front of your order. Someone gets those orders before I have a chance to even see them. You guys that cheer for electronic markets don't know what the hell you're talking...
  19. M

    Larry Williams update: "Now on the run" - Daily Telegraph

    NYSEKILLER was sniffed out by Reardon, you just questioned his results. Don't take credit for somene else's work. DOG....may I suggest you spend less time trolling ET and more time focused on trading, developing your edge, and improving your execution? Though you might get some personal...
  20. M

    Larry Williams update: "Now on the run" - Daily Telegraph

    I don't know if you are crashing and burning...given your overly negative attitude...I'm guessing you are not killing it. You don't seem to contribute anything to the P&L thread, and you fish for ideas on the P&L question thread....my conclusion...your ES trading is not going that well...
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